Cit (CIT) 10-Q 2014 Q3 Quarterly report

EXHIBIT 12.1

CIT Group Inc. and Subsidiaries Computation of Ratio of Earnings to Fixed Charges(dollars in millions)

	Quarters Ended									Nine Months Ended
	September 30,			June 30,			September 30,			September 30,
	2014			2014			2013			2014			2013
Earnings:
Net income	$	514.9		$	246.9		$	199.6		$	879.0		$	545.8
(Benefit) provision for income taxes – continuing operations		(401.2	)		18.1			13.2			(369.6	)		55.3
Loss (income) from discontinued operation, net of taxes		0.5			(51.7	)		(6.7	)		(53.5	)		(24.4	)
Income from continuing operations, before provision (benefit) for income taxes		114.2			213.3			206.1			455.9			576.7
Fixed Charges:
Interest and debt expenses on indebtedness		275.2			262.2			256.7			809.3			793.4
Interest factor: one-third of rentals on real and personal properties		1.8			1.6			1.8			5.3			6.2
Total fixed charges for computation of ratio		277.0			263.8			258.5			814.6			799.6
Total earnings before provision for income taxes and fixed charges	$	391.2		$	477.1		$	464.6		$	1,270.5		$	1,376.3
Ratios of earnings to fixed charges		1.41x			1.81x			1.80x			1.56x			1.72x